Finance

South Korean memory chip manufacturer SK Hynix successfully listed on the Nasdaq, with shares surging 13% to $168.01 on their first day of trading. This launch represents the largest-ever market debut by a foreign entity and valuation for the company has now surpassed $1.2 trillion. The debut provided a significant boost to the broader semiconductor industry, which continues to benefit from robust artificial intelligence demand.

The 10-year Treasury note yield eased to approximately 4.54% by the end of the week as lower crude oil prices helped mitigate immediate inflation fears. Market participants remain focused on potential future Federal Reserve actions, with current sentiment still suggesting at least one additional interest rate hike may occur in 2026. Despite the slight cooling, yields remain at multi-week highs following recent geopolitical tensions.

Bitcoin and Ethereum maintained steady prices near $64,000 and $1,800 respectively, recovering from a challenging period in June. Spot Bitcoin ETFs saw net inflows of over $90 million on July 10, signaling renewed investor confidence despite recent volatility. Market sentiment has also been bolstered by positive regulatory developments, including the approval of a national trust bank for Circle Internet Group.